LanzaTech Global (NASDAQ:LNZA) Upgraded at Zacks Research

LanzaTech Global (NASDAQ:LNZA) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Roth Capital reduced their price objective on shares of LanzaTech Global from $20.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded LanzaTech Global from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, LanzaTech Global presently has an average rating of “Hold” and a consensus price target of $14.00.

LanzaTech Global Stock Up 0.0%

LanzaTech Global stock opened at $13.39 on Monday. The business’s 50-day simple moving average is $16.37 and its 200 day simple moving average is $24.08. The stock has a market cap of $31.05 million and a price-to-earnings ratio of -0.58. LanzaTech Global has a 12-month low of $11.20 and a 12-month high of $214.50.

LanzaTech Global (NASDAQ:LNZA) last released its earnings results on Wednesday, November 19th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($12.42) by $13.41. The company had revenue of $9.28 million for the quarter, compared to the consensus estimate of $10.20 million. LanzaTech Global had a negative net margin of 190.24% and a negative return on equity of 78,473.86%. As a group, sell-side analysts expect that LanzaTech Global will post -0.66 EPS for the current year.

Hedge Funds Weigh In On LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in shares of LanzaTech Global in the 2nd quarter valued at $27,000. AQR Capital Management LLC grew its stake in LanzaTech Global by 1,045.1% in the first quarter. AQR Capital Management LLC now owns 184,346 shares of the company’s stock valued at $45,000 after acquiring an additional 168,247 shares during the period. Nuveen LLC bought a new stake in shares of LanzaTech Global in the first quarter worth about $49,000. XTX Topco Ltd increased its holdings in shares of LanzaTech Global by 380.5% in the second quarter. XTX Topco Ltd now owns 188,891 shares of the company’s stock worth $51,000 after acquiring an additional 149,576 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of LanzaTech Global by 77.9% during the second quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company’s stock worth $82,000 after purchasing an additional 132,792 shares during the period. 17.76% of the stock is owned by institutional investors.

LanzaTech Global Company Profile

LanzaTech Global, Inc is a carbon recycling company that specializes in capturing industrial emissions and converting them into sustainable fuels and chemicals through a proprietary gas fermentation process. By utilizing metal- and microbe-catalyzed conversion technologies, the company transforms waste carbon monoxide and carbon dioxide streams from steel mills, refineries, and other industrial sites into ethanol, jet fuel precursors, and other commodity chemicals. These products can be used as drop-in replacements for petrochemicals, helping to reduce greenhouse gas emissions and advance circular economy initiatives.

Founded in 2005 and headquartered in Skokie, Illinois, LanzaTech has developed its platform through research collaborations and commercial demonstration plants.